Hendricks Leaves Man Board For Post In Institutional Dept.

Dec 1 2011 | 12:56pm ET

The Man Group, the world’s largest hedge fund group, has appointed non-executive director Ruud Hendriks to the post of non-executive chairman of the firm’s institutional department.

Hendriks, who takes up his new post effective December 1, 2011, will step down from the board.

Hendriks has extensive experience in institutional sales, having previously been a managing director and co-head of sales for Europe, Middle East and Africa at Goldman Sachs and global head of institutional sales for Robeco, a leading international asset manager.

Said Jon Aisbitt, Man chairman, in a statement announcing the move:

“While we are sorry to see Ruud step down from the board, I am delighted that he has accepted this new advisory role. His extensive experience and relationships with institutional investors in Europe will bring significant value to Man and our clients.”

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